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Creative Solutions: How'd they do it?: p- S6 j2 x1 F' |
Nothing says home like the living room couch p$ x5 X2 X5 ~( g4 p8 c0 t9 z1 u# X
+ S0 s4 f& z1 `! V& h' ~Alexandra Zabjek/ y7 w5 ] F1 _) y0 u
The Edmonton Journal
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Sunday, May 20, 2007( l0 _, B& b0 [( u- I7 W
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& F" ^& f4 T3 [- R! }8 bStudent apartments aren't typically luxurious places, but soaring rents in Edmonton are forcing some students to pare down their living arrangements even more than usual.
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8 F0 F# L) T9 ?7 U4 t3 mAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.6 J( K6 E+ ]8 s% ^
# Z4 g3 d! k9 z"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."( B9 L) I) R; n! n+ _
8 y+ Z. z+ n0 K! x- D' }. SAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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1 u7 n' I- _; `8 x, e$ }Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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0 Z; a! F% Q% T4 [0 [. X) C' J"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."0 y( H( R2 c& K" m
" q1 K: \8 |. k3 o$ J* I' C% oSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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T: ^ R! y. i7 J$ yWhen Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.4 _4 u6 i0 ]. @# H2 E: W0 W
' q2 @! X/ v& r, _9 D"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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, a& x7 z& B& ] t7 E0 H; ~The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.+ k/ ~) `& R0 p3 O( V
0 o* H; m* t- O. zThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.: k2 _3 c4 p; f$ M# r$ b- o/ p$ T7 q
+ V8 y6 E1 a) \/ V"It would be nice to have more space and to have another bathroom," she says.
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2 T; S0 P: M6 _* B4 O"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."
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